The clock ran out for Danbury retailers and others in Connecticut hoping for a last push to stuff both tills and state coffers before the state”™s fiscal year ran out June 30.
The state closed the year with sales and use taxes down $198 million from the previous year, as consumers clamped their purses shut, and big-box retailers like Linens ”™n”™ Things and Circuit City shut their doors for good.
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Sales and use taxes ended fiscal 2009 down 6 percent, according to the Connecticut Department of Revenue Services, which did not immediately break down the performance by various cities and towns across the state.
Home to Danbury Fair Mall and several large retail strips, Danbury numbers among the half-dozen largest producers of retail sales tax income in Connecticut. While the Danbury area has seen several retailers close their doors in the past year, including Sounds Incredible this month in Brookfield, Danbury Fair Mall has managed to fill many of its vacant retail spaces throughout the recession, with the notable exception of its anchor space formerly occupied by Filene”™s.
